James M. Gudenau has been with Comerica since 2001 and played a key role in launching the bank's 1031 Exchange Services group in 2002. He has managed this group since 2004. In 2009, he transitioned to the Special Corporate Financial Services group, where he serves as the primary escrow officer for the Midwest and East Coast, focusing on expanding the bank's 1031 Exchange and escrow portfolios in these regions. He is currently the national team lead for all 1031 exchanges handled at Comerica.
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Because the 1031 Exchange rules permit owners to use the property part of the year, exchangers can have a cash-flowing, appreciating investment that also serves as their semi-permanent vacation property.
Learn how a 1031 Improvement Exchange can enable a value-add real estate investment strategy while also deferring capital gains taxes.
Review some common 1031 exchange examples and take advantage of our profit-generating ideas to use the 1031 Exchange to make your property portfolio more profitable.
